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Disney CEO Iger Defeats DeSantis in Anti-Florida Retaliation

Disney CEO Bob Iger in an interview with CNBC on Feb. 9, 2023.

Randy Shropshire | CNBC

Bob Iger on Monday called out the actions of Florida Governor Ron DeSantis walt disney company It’s retaliatory, “anti-business” and “anti-Florida.”

The feud between DeSantis and the company escalated early Monday, with the governor asking state inspectors whether the House of Mouse’s cunning move to maintain control over the outer borders of Orange and Osceola counties was legal. Please, and any of the company’s executives were involved in the scheme.

At the company’s annual shareholder meeting on Monday, Disney CEO Iger answered investor questions about the ongoing dispute between the company and Florida legislators. With more than 75,000 employees within the company, it creates thousands of indirect jobs, brings about 50 million visitors to Florida each year, and is the state’s largest taxpayer.

“A year ago, the company took a position on pending Florida law,” Iger said, referring to what critics called the “don’t say gay” bill. I may have handled that position poorly, but the company has the same right to free speech as any individual.”

“The governor is very upset with the position Disney has taken and seems to have decided to retaliate against us, including by appointing a new board to oversee property and business, exercising our constitutional rights. And that seems really wrong to me.

Iger said Disney will spend more than $17 billion on investments in Walt Disney World over the next 10 years, which will create about 13,000 jobs for the company and generate more tax dollars for Florida. occurs.

“Our point with this is that any action that supports these efforts just to retaliate for the position the company has taken sounds anti-business as well as anti-Florida,” he said. “And I’ll leave it at that.”

Last week, DeSantis’ newly appointed Reedy Creek district board, now named the Central Florida Tourism Watch District, significantly increased the control that the formerly Disney-affiliated board could exercise over the company. announced that it had signed a long-term agreement to limit that district.

Florida Governor Ron DeSantis speaking at “The Florida Blueprint” event on April 1, 2023 in Long Island, NY, USA. , new york.

Kyle Mazza | Anadolu Agency | Getty Images

The deal was signed on February 8, the day before the Florida House of Representatives voted to put DeSantis in charge. DeSantis replaced all Disney-related directors with his five Republicans on his February 27th. Only then was Disney’s new binding agreement discovered.

Agreement contains clause It dates back to 1692 in England. “The declaration shall remain in force until 21 years after the death of the last surviving descendant of King Charles III of England living as of the date of this declaration,” the document said.

The governor’s letter called the board accord an attempt to “divert the power of the CFTOD board,” “revoke recently passed legislation, weaken Florida’s legislative process, and go against the will of the people of Florida.” I’m here.

He also said the agreement had “legal flaws,” including improper notice, improper delegation of authority, and ethical violations.

But Disney said all of the board’s machinations were perfectly legal — in accordance with Florida’s Sunshine Act, the agreement was discussed and approved in an open and highly visible public forum.

The developments in DeSantis’ conflict with Disney mark the latest move in one of several partisan battles being waged by Republican governors.

DeSantis is widely believed to be laying the groundwork to launch the 2024 presidential election. The move is expected to come shortly after the current Florida legislature ends in his early May. Polls show DeSantis is the most competitive of former President Donald Trump’s potential opponents in the Republican primary.

The governor of Florida has set his sights on Disney after the company openly pushed back against Florida’s HB 1557 law early last year. HB 1557, which critics called a “don’t say gay” bill, limits early education teachings about sexual orientation and gender identity.

Republican Rep. Randy Fine told CNBC, “squawk boxLast April, the bill to dissolve Reedy Creek was not retaliatorybut then said, “We saw a special district when Disney kicked the hornet’s nest.”

Until recently, there was little public debate about the dissolution of the venerable district, which Disney occupied for 55 years, so DeSantis’ critics questioned the timing and speed with which the governor acted against the company. questioned.

The battle between DeSantis and Disney shows no signs of slowing down. “I haven’t seen anything yet,” DeSantis told attendees during a book tour in Georgia last week.

Summarize this content to 100 words Disney CEO Bob Iger in an interview with CNBC on Feb. 9, 2023.Randy Shropshire | CNBCBob Iger on Monday called out the actions of Florida Governor Ron DeSantis walt disney company It’s retaliatory, “anti-business” and “anti-Florida.”The feud between DeSantis and the company escalated early Monday, with the governor asking state inspectors whether the House of Mouse’s cunning move to maintain control over the outer borders of Orange and Osceola counties was legal. Please, and any of the company’s executives were involved in the scheme.At the company’s annual shareholder meeting on Monday, Disney CEO Iger answered investor questions about the ongoing dispute between the company and Florida legislators. With more than 75,000 employees within the company, it creates thousands of indirect jobs, brings about 50 million visitors to Florida each year, and is the state’s largest taxpayer.”A year ago, the company took a position on pending Florida law,” Iger said, referring to what critics called the “don’t say gay” bill. I may have handled that position poorly, but the company has the same right to free speech as any individual.””The governor is very upset with the position Disney has taken and seems to have decided to retaliate against us, including by appointing a new board to oversee property and business, exercising our constitutional rights. And that seems really wrong to me.Iger said Disney will spend more than $17 billion on investments in Walt Disney World over the next 10 years, which will create about 13,000 jobs for the company and generate more tax dollars for Florida. occurs.”Our point with this is that any action that supports these efforts just to retaliate for the position the company has taken sounds anti-business as well as anti-Florida,” he said. “And I’ll leave it at that.”Last week, DeSantis’ newly appointed Reedy Creek district board, now named the Central Florida Tourism Watch District, significantly increased the control that the formerly Disney-affiliated board could exercise over the company. announced that it had signed a long-term agreement to limit that district.Florida Governor Ron DeSantis speaking at “The Florida Blueprint” event on April 1, 2023 in Long Island, NY, USA. , new york. Kyle Mazza | Anadolu Agency | Getty ImagesThe deal was signed on February 8, the day before the Florida House of Representatives voted to put DeSantis in charge. DeSantis replaced all Disney-related directors with his five Republicans on his February 27th. Only then was Disney’s new binding agreement discovered.Agreement contains clause It dates back to 1692 in England. “The declaration shall remain in force until 21 years after the death of the last surviving descendant of King Charles III of England living as of the date of this declaration,” the document said.The governor’s letter called the board accord an attempt to “divert the power of the CFTOD board,” “revoke recently passed legislation, weaken Florida’s legislative process, and go against the will of the people of Florida.” I’m here.He also said the agreement had “legal flaws,” including improper notice, improper delegation of authority, and ethical violations.But Disney said all of the board’s machinations were perfectly legal — in accordance with Florida’s Sunshine Act, the agreement was discussed and approved in an open and highly visible public forum.The developments in DeSantis’ conflict with Disney mark the latest move in one of several partisan battles being waged by Republican governors.DeSantis is widely believed to be laying the groundwork to launch the 2024 presidential election. The move is expected to come shortly after the current Florida legislature ends in his early May. Polls show DeSantis is the most competitive of former President Donald Trump’s potential opponents in the Republican primary.The governor of Florida has set his sights on Disney after the company openly pushed back against Florida’s HB 1557 law early last year. HB 1557, which critics called a “don’t say gay” bill, limits early education teachings about sexual orientation and gender identity.Republican Rep. Randy Fine told CNBC, “squawk box” Last April, the bill to dissolve Reedy Creek was not retaliatorybut then said, “We saw a special district when Disney kicked the hornet’s nest.”Until recently, there was little public debate about the dissolution of the venerable district, which Disney occupied for 55 years, so DeSantis’ critics questioned the timing and speed with which the governor acted against the company. questioned.The battle between DeSantis and Disney shows no signs of slowing down. “I haven’t seen anything yet,” DeSantis told attendees during a book tour in Georgia last week.
https://www.cnbc.com/2023/04/03/ron-desantis-calls-for-probe-into-disney-royal-clause-move.html Disney CEO Iger Defeats DeSantis in Anti-Florida Retaliation

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